RE: Remaining Hurdles and race against clock?7 Oct 2024 12:40
Yes, both wells have been drilled, the second is about to be flow tested and then should produce, since it is analagous to Heron 1. They should both be producing- Heron-1 in Oct, Heron-2 in Nov. The offtake agreement shouldn't take long to formalise since GOVT have already agreed to production and MATD and operator are in agreement. Probably looking at end Oct/early Nov. They'll want less reliance on oil from other nations given the current global geopolitical drama.